Swiggy Ltd IPO Highlights
Swiggy Ltd IPO Detail
| IPO Opening and Closing Date | November 6, 2024 to November 8, 2024 |
| IPO Price Range | ₹ 371 to ₹ 390 Per Share |
| Face Value of Share | ₹ 1 Per Share |
| Net Issue Size Offered | Approximately 290446837 Equity Shares amounting upro ₹11327.43 Cr. |
| Fresh Issue | Approximately ₹3750 Cr. |
| Offer For Sale | 115358974 Equity Shares amounting to ₹4499.00 Cr. |
| Listing at | BSE & NSE |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Swiggy Ltd IPO, Tentative Date Schedule
| IPO Opening Date | Wednesday, November 6, 2024 |
| IPO Closing Date | Friday, November 8, 2024 |
| Allotment Date | Monday, November 11, 2024 |
| Refund Initiation | Tuesday, November 12, 2024 |
| Credit of Shares in Demat Account | Tuesday, November 12, 2024 |
| Listing Date | Wednesday, November 13, 2024 |
The Swiggy Ltd IPO will open on 6 November, 2024 and it will close on 8 November, 2024. The date for the allotment of Swiggy Ltd IPO has been fixed as 11 November, 2024. The listing date of Swiggy IPO on both BSE as well as NSE is fixed as 13 November, 2024.
Swiggy Ltd IPO GMP Today
Swiggy Ltd IPO GMP today is ₹00 as of 21 October, 2024.
Swiggy Ltd IPO Financials (Restated)
| Period | Period Ended 30 June, 2024 | Financial Year 2024 | Financial Year 2024 | Financial Year 2024 |
| Total Assets | ₹10341.24 | ₹10529.42 | ₹11280.65 | ₹14405.74 |
| Total Revenue | ₹3310.11 | ₹11634.35 | ₹8714.45 | ₹6119.78 |
| Expense | ₹39079.58 | 139473.84 | 128843.99 | 95744.53 |
| EBITDA | ₹-4695.09 | ₹-18582.55 | ₹-38353.27 | ₹-34104.30 |
| Profit After Tax | ₹-611.01 | ₹-2350.24 | ₹-4179.31 | ₹-3628.9 |
| Company’s Net Worth | ₹7444.99 | ₹7791.46 | ₹9056.61 | ₹12266.91 |
| Total Reserve & Surplus | ₹-7750.85 | ₹-7880.85 | ₹-6510.34 | ₹-3311.1 |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | * |
| ROE | * |
| Price to Book Value | * |
| Total Borrowings (% of Total Capital) | 2.64% |
| Return on Net Worth | -30.16% |
| Debt Equity Ratio | 2.71% |
| After Tax Profit Margin (%) | * |
| Net Asset Value | ₹35.48 |
Swiggy Ltd IPO Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | – | ₹ |
| Retail Investor (Max Lot) | 13 | – | ₹ |
| Small HNI (Min. Lot) | 14 | – | ₹ |
| Small HNI (Max. Lot) | 67 | – | ₹ |
| Big HNI (Min. Lot) | 68 | – | ₹ |
Swiggy Ltd IPO, Investors Reserve Quota
| Shares Reserved for Institutional Investors | 50% of the Total Issue |
| Shares Reserved for Retail Individual Investors | 35% of the Total Issue |
| Shares Reserved for Non Institutional Investors | 15% of the Total Issue |
Cash Flow Generated by the Company
| Net Cash Flow | For the Period Ended June 30, 2024 | Fiscal Year 2024 | Fiscal Year 2023 | Fiscal Year 2022 |
| Cash From Operating Activities | ₹-5166.27 | ₹-13127.35 | ₹-40599.09 | ₹-39003.87 |
| Cash from Investing Activities | ₹4959.00 | ₹14584.58 | ₹39678.47 | ₹-91601.40 |
| Cash From Financing Activities | ₹-118.90 | ₹-1227.95 | ₹-1715.48 | ₹136341.48 |
| Net Increase in Cash and Cash Equivalents | ₹-326.17 | ₹229.28 | ₹-2636.10 | ₹5736.21 |
Swiggy Ltd IPO Objectives
- A significant portion of funds will be used to repay or pre-pay loans.
- Investment in the latest technology and cloud infrastructure to improve its service and handle more customers.
- Marketing and promoting the brand to enhance the market share.
- Swiggy aims on acquisitions and other growth opportunities to expand its business into new areas.
Swiggy Ltd IPO Peer Group Comparative Analysis:
| Company | EPS (₹) | P/E | Face Value (₹) |
| Swiggy Ltd | 10.70 | * | ₹1 |
| Zomato | 0.40 | 742.40 | ₹1 |
Average PE Ratio of Industry
| P/E Ratio Metrics | P/E Ratio |
| Highest P/E Ratio | 742.40 |
| Lowest P/E Ratio | 742.40 |
| Average P/E Ratio | 742.40 |
Swiggy Ltd IPO Strengths and Weaknesses
Strengths:
- Swiggy has a large customer base with millions if active customers.
- Swiggy offers various services like grocery delivery, dining out, event bookings, and even a pick-up and drop-off service, making the platform more attractive to customers.
- Swiggy has become a well-known name in the food delivery domain in India
- Swiggy encourages creativity and experimentation, which helps it stay ahead in the race.
Weaknesses
- Tough competition from Competitiors like Zomato and other local companies in food delivery.
- Swiggy depends heavily on external funding to carry on its operations.
- Managing deliveries across many locations, is complex and costly
- Swiggy is affected by Indian laws related to food safety, labor regulations and operational standards.
Company’s Dividend Policy
The company has not paid any dividend from last three financial years
Lead Managers of Swiggy Ltd IPO
- Citigroup Global Markets India Private Limited
- Jefferies India Private Limited
- Avendus Capital Private Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
- BofA Securities India Limited
Registrar of Swiggy Ltd IPO
Link Intime India Pvt Ltd.
Email: swiggy.ipo@linkintime.co.in
Tel : +918108114949
Website: www.linkintime.co.in
Contact Details of Company
Swiggy Limited,
No 55, Sy No. 8-14, Ground Floor,
I&J Block, Embassy Tech Village,
Outer Ring Road, Devarbisanahalli,
Bangaluru 560103, Karnataka, India
Looking for more IPO reviews? Check out our recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Ready to apply? Start your IPO application here.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
Don’t miss out on the latest IPOs – Click here to Find Upcoming IPOs.
Leave a comment